TA: Ethereum Consolidate Gains, Why This Support Is The Key

Ethereum extended its increase above the $1,720 level against the US Dollar. ETH is now consolidating above the key $1,670 support zone.Ethereum remained in a positive zone but struggled near the $1,785 resistance zone.
The price is now trading above $1,650 and the 100 hourly simple moving average.
There was a break below a key bullish trend line with support near $1,710 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could start a downside correction if there is a close below $1